Meghan McCarty Carino

Looks like SpaceX is going public this year at an astronomical valuation.

From American Public Media, this is Marketplace Tech.

I'm Megan McCarty Carino.

Elon Musk's rocket company SpaceX reportedly took a first step towards a highly anticipated initial public offering this week.

We're digging into it on today's Marketplace Tech Bytes Week in Review.

Plus, big tech operations in the Middle East from companies like Apple, Google and Microsoft could be targeted by Iran.

And California Governor Gavin Newsom issued a new AI executive order with a not-so-thinly-veiled message to the Trump administration.

But first, back to that SpaceX IPO.

The company made a confidential filing with the Securities and Exchange Commission that potentially puts it on track to go public at a more than $2 trillion valuation in June.

We spoke with Paresh Dave, senior writer at Wired, to learn more.

Right.

So importantly, we should remind folks that SpaceX is not just SpaceX.

This business entity also includes XAI was folded in, which also had folded in already the social media platform X. So this is really like a mega, mega IPO.

Yeah, I mean, partially the reason that those other companies were folded into SpaceX implicitly, I think, is that SpaceX is the moneymaker and these other, you know, companies, it's useful for them to kind of be able to be lumped in there and leverage the capital markets that SpaceX is able to.

And SpaceX is kind of racing ahead, trying to be the first of the mega IPOs this year, right?

I mean, what else is coming down the pipe?

We'll be right back.

You're listening to Marketplace Tech.

I'm Megan McCarty Carino.

We're back with Paresh Devay, senior writer at Wired.